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SES acquires Intelsat, boosting Q1 revenue 80%

PRIVATEMay 12, 2026

Acquiring Company

Astra

Acquired Company

Intelsat

San FranciscoMcleanOtherInformation TechnologyHardwareAerospaceSatellite CommunicationTelecommunications

Description

SES S.A. has reported its first-quarter results for 2026, including revenue of €847 million, an 80% increase year-on-year. This spike follows SES's acquisition of Intelsat in July 2025, significantly impacting its financial performance. The merger enhances SES's market position, particularly in aviation connectivity, with commitments from Japan Airlines for over 40 aircraft. Adjusted EBITDA for the quarter reached €404 million, reflecting strong operational growth despite increased costs from the merger.

Company Information

Company

Astra

Location

595 Pacific Ave

San Francisco, California, United States

About

Astra offers an advanced bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises. Our transfer automation platform enables its customers to offer fast, programmatic transfers between their users’ network of accounts through rules-based routines. Astra’s proprietary, vertically integrated API allows developers to easily embed financial automation within their existing products.

Fundz sees it the moment Astra makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Intelsat?

Intelsat was acquired by Astra , based in San Francisco. The deal was reported on May 12, 2026. Astra offers an advanced bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises. Astra is privately held and operates in Other.

When did Astra acquire Intelsat?

Astra 's acquisition of Intelsat was reported on May 12, 2026. SES S.A. has reported its first-quarter results for 2026, including revenue of €847 million, an 80% increase year-on-year. This spike follows SES's acquisition of Intelsat in July 2025, significantly impacting its financial performance. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Intelsat do?

Intelsat S.A. is a leading provider of satellite communication services, connecting people and businesses in remote and challenging locations. It is privately held, operating in Telecommunications, and is based in Mclean.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.